Macau’s gross gaming revenue is on track to finish between +13% and +15% on the back of a strong Easter holiday period, according to brokerage Sanford C Bernstein.
Average Daily Rate (ADR) increased FROM MOP$650 million over the first nine days of the month to MOP$721 million over the next seven thanks to greater mass market traffic. ADR for the past week is up 26% over 2016 levels although analysts Vitaly Umansky, Zhen Gong and Yang Xie predict VIP volumes have fallen slightly this month.
“With respect to individual operators, the devil remains largely in the details regarding the breakdown between VIP and Mass and overall market shares and as such the weight of the overall GGR number needs to be taken with a bit of skepticism as weekly channel checks have proven to be less than accurate and volatile,” they said.
Predictions of ADR between MOP$620 million and MOP$640 million for the remainder of the month have April GGR finishing between MOP$19.6 billion and MOP$19.9 billion.
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